Tysons, Va. — Avison Young has brokered the sale of a 32,857-square-foot, single-tenant retail property located in Tysons, a western suburb of Washington, D.C. An institutional buyer acquired the building for $20.4 million. Jonathan Hipp, Richard Murphy and Timothy Farrell
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McLean, Va. — SRS National Net Lease Group has arranged the sale of Featherstone Plaza, a 46,793-square-foot shopping center located in McLean, a suburb of Washington, D.C. Andrew Fallon, Rick Fernandez and Philip Wellde of SRS arranged the $5.2 million
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Petersburg, Va. — Cordish Cos. has announced plans for a $1.4 billion mixed-use project located in Petersburg, roughly 24 miles south of Richmond. Upon completion, the development, dubbed Live! Gaming & Entertainment District, will comprise 4 million square feet, including
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Philadelphia — PREIT has executed leases with new tenants at 19 locations throughout its portfolio. The new tenants include Daily Thread, which will open stores at 9 locations; Uniqlo, which will open at Cherry Hill Mall in New Jersey; Carter’s,
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Gainesville, Va. — Inland Private Capital Corp. (IPC) has finalized the sale of a single-tenant property in Gainesville, a western suburb of Washington, D.C., to an undisclosed buyer. IPC completed the sale through a subsidiary on behalf of its 1031
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Chester, Va. — GBT Realty Corp. has sold a part of Bermuda Square, a 136,000-square-foot retail center located in Chester, roughly 15 miles outside Richmond. GBT, which acquired the property in 2019, sold a portion comprising 77,850 square feet to
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Springfield, Va. — A 32,000-square-foot LEGO Discovery Center is scheduled to open next summer at Springfield Town Center in Springfield. Designed for families with children ages 2 to 12, the Discovery Center will feature interactive activities, workshops and play. Experiences
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Phoenix and Virginia Beach, Va. — Red Mountain Group has sold two single tenant net lease properties for a combined $3.2 million. Rolberto’s Tacos — a drive-thru restaurant located at Cave Creek Road in Phoenix — was sold to entities
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Leesburg, Va. — Rappaport has signed five new tenants to Village at Leesburg, a 550,593-square-foot shopping center located in Leesburg. Rappaport owns, manages and leases the property, which houses more than 75 tenants, including anchors Wegmans, CMX Cinemas, LA Fitness
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Lynchburg, Va. — Cushman & Wakefield | Thalhimer has brokered the $4.6 million sale of Shops at Phillips Circle, a retail strip center located at 19399 Forest Road in Lynchburg. Built in 2018, the center was fully leased at the
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Virginia Beach, Va. — Matthews Real Estate Investment Services has brokered the sale of a 13,225-square-foot store located at 1701 Independence Blvd. in Virginia Beach. The single-tenant property was leased to CVS/pharmacy at the time of sale. Preston Schwartz and
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Washington, D.C. — Standard Real Estate Investments LP, a minority-owned national real estate investment and development firm with offices in Washington, D.C., and Los Angeles, has purchased the Senator Square and East River Park shopping centers in northeast Washington D.C.
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